Energy Efficiency Reduces Waste and Harmful Emissions

Posted November 24, 2015

According to the Department of Energy, of the $2,000 an average household spends on energy annually, $200 – $400 is typically wasted.

In its 2009 study, “Unlocking energy efficiency in the US economy,” McKinsey & Company offers a detailed analysis of the energy efficiency potential in non-transportation uses of energy, a thorough assessment of the barriers, and an outline of the practical solutions available to unlock the potential.

The research shows the US economy has the potential to reduce annual non-transportation energy consumption by roughly 23% by 2020, eliminating more than $1.2 trillion in waste—a figure well beyond the $520 billion upfront investment that would be required. The reduction in energy use would also result in the abatement of 1.1 gigatons of greenhouse-gas emissions annually—the equivalent of taking the entire US fleet of passenger vehicles and light trucks off the roads. Read more.

Related Articles

New Jersey Advocates Launch Clean Energy Action Now

August 1, 2023

NJ Conservation Foundation Applauds Gov. Murphy’s Actions To Accelerate Transition To Clean Energy

February 15, 2023

Home front: Energy advocates explain why building electrification is next step in greenhouse gas fight

February 14, 2023
© 2024 ReThink Energy NJ | Privacy Policy